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20121206
20121206
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CSPAN2 1
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CSPAN
Dec 6, 2012 6:00am EST
kazahkstan, turkmenistan and countries all the way east to china and western europe or europe comprise an east/west axis, the corridor through which oil, gas but also industrial goods, ideas and information can flow. um, the russian situation is not dissimilar. the russian situation in europe with gas is similar to iranian or saudi situation with oil. it's all about market share. >> right. >> so if you have azerbaijanny gas, turkmen gas competing with european gas or russian gas, for that matter lng from algeria, it may drive the market share down, it may drive the prices down, and europe is really at a, at a crossroads because they need to decide whether to go with natural gas or continue with coal and continue with nuclear. so gas plays a strategic energy role in europe right now. and you asked about what can we do. >> that's the most important crux of all of -- >> trillion dollar question. we did not coordinate enough with western europe, and western europe by itself especially now with the economic crisis is not really focused enough on insuring that east/west plans will go through
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